Seasonal Solow residuals and Christmas: a case for labor hoarding and increasing returns

Authors :: Braun, R. Anton
Evans, Charles L.
Source :: Journal of Money, Credit & Banking. August 1998, Vol. 30 Issue 3, p306, 25 p.
Publication Year :: 1998
Abstract: In aggregate unadjusted data, measured Solow residuals exhibit large seasonal variations. Total Factor Productivity grows rapidly in the fourth quarter at an annual rate of 16 percent and regresses sharply [...]

Subjects :: Christmas -- Economic aspects -- Research
Economics -- Economic aspects -- Research
Seasonal variations (Economics) -- Research -- Economic aspects
Banking, finance and accounting industries
Business
Economic aspects
Research

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